The Trader Harbor
  • Business
  • Politics
  • World News
  • Stocks
  • Business
  • Politics
  • World News
  • Stocks

The Trader Harbor

Business

GM lays off 1,000 employees amid reorganization and cost-cutting

by admin November 17, 2024
November 17, 2024
GM lays off 1,000 employees amid reorganization and cost-cutting

DETROIT — General Motors laid off roughly 1,000 employees on Friday as the automaker attempts to cut costs and realign priorities amid changing market conditions, according to a person familiar with the decision.

The layoffs, which were announced Friday morning to those impacted, were across the business. Some were due to poor performance, while others were part of a review to reorganize priorities by the automaker, according to the person, who agreed to speak about the decision on the condition of anonymity.

A majority of the employees impacted were in suburban Detroit at the automaker’s global technical center in Warren, Michigan, the person said. A small number of hourly employees were included in the layoffs.

A spokesman for GM confirmed the layoffs but declined to disclose the total amount.

“In order to win in this competitive market, we need to optimize for speed and excellence,” GM spokesperson Kevin Kelly said in an emailed statement. “This includes operating with efficiency, ensuring we have the right team structure, and focusing on our top priorities as a business. As part of this continuous effort, we’ve made a small number of team reductions. We are grateful to those who helped establish a strong foundation that positions GM to lead in the industry moving forward.” 

Friday’s layoffs follow more than 1,000 salaried employees working in GM’s software and services organization being let go in August.

GM’s global salaried workforce was 76,000 as of the end of last year. That included about 53,000 U.S. salaried employees.

The United Auto Workers union, which represents hourly employees at the automaker, did not immediately respond for comment.

This post appeared first on NBC NEWS

0
FacebookTwitterGoogle +Pinterest
previous post
Trump Media CFO, two other insiders sell millions of dollars worth of DJT stock
next post
JOE MANCHIN: The American people picked Trump. Now is the time to deliver solutions for everyone

Related Posts

Nvidia’s CEO did a Q&A with analysts. What...

March 25, 2025

Trader Joe’s-branded cashews sold in 16 states recalled...

March 19, 2024

Amazon’s Nova AI agent launch puts it up...

April 1, 2025

Mortgage refinance demand jumps to a 2-year high,...

July 18, 2024

Former Starbucks CEO says company needs to revamp...

May 7, 2024

Apple Watch getting redesigned blood oxygen feature following...

August 16, 2025

Why competition in the housing market is cooling...

June 17, 2024

Private payrolls increased by 192,000 in April, more...

May 2, 2024

Bed Bath & Beyond relaunches with first store...

August 9, 2025

Presidential debate drew 51.3 million viewers, down from...

July 1, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • The Real Drivers of This Market: AI, Semis & Robotics

      January 29, 2026
    • S&P 500 Breaking Out Again: What This Means for Your Portfolio

      January 29, 2026
    • Gulf shipping operations grind to halt near Iran, US quietly prepares for possible strike: ‘Heightened risk’

      January 29, 2026
    • Powell warns Lisa Cook’s Supreme Court case could be most consequential legal threat in Fed’s history

      January 29, 2026
    • Schumer rolls out list of ICE demands as White House says Dems ‘blocked’ deal-making session

      January 29, 2026
    • US moves fast to reopen Venezuela embassy after yearslong freeze

      January 29, 2026

    Categories

    • Business (1,448)
    • Politics (5,649)
    • Stocks (1,921)
    • Uncategorized (45)
    • World News (1,441)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: TheTraderHarbor, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 thetraderharbor.com | All Rights Reserved